Which of the following would NOT be official reserves for Germany?
A) U.S. dollars
B) the official currency of Germany
C) gold
D) SDRs
B
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The change illustrated in the figure above can be the result of the Fed ________ government securities in the open market and will ultimately lead to ________ in aggregate demand
A) selling; an increase B) selling; no change C) buying; no change D) buying; an increase E) selling; a decrease
In a country with unusually high tax rates, one might expect that ________
A) GDP might be overstated because the government might avoid running surpluses B) GDP might be understated because its citizens might avoid reporting some of their income C) GDP might be overstated because the government might raise its outlays D) GDP might be understated because its citizens might flee the country E) after tax income should be much higher than that of countries with lower tax rates
A binding price ceiling may not help all consumers, but it does not hurt any consumers
a. True b. False Indicate whether the statement is true or false
Which scenario best demonstrates how money acts as a store of value?
a. Tran knows a bottle of water is $1 and a birthday card is $2, so a birthday card has the same value as two bottles of water. b. Natalie buys a new leather purse and a button-down blouse from her favorite boutique for $150. c. Gabe borrows money from his mother to fix his car and gives her money every month until he has repaid her. d. Anya buys a certificate of deposit, which she plans to cash in several years after she retires.